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The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for American Homes 4 Rent's Beneish M-Score or its related term are showing as below:
MEX:AMH'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.12 Med: -2.59 Max: -1.53
Current: -2.82
During the past 13 years, the highest Beneish M-Score of American Homes 4 Rent was -1.53. The lowest was -3.12. And the median was -2.59.
American Homes 4 Rent Beneish M-Score Related Terms
American Homes 4 Rent Beneish M-Score Historical Data
* Premium members only.
The historical data trend for American Homes 4 Rent's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:AMH vs CPT, ELS, UDR: Beneish M-Score Comparison
For the REIT - Residential subindustry, American Homes 4 Rent's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
American Homes 4 Rent Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, American Homes 4 Rent's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where American Homes 4 Rent's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of American Homes 4 Rent for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.8811
+
0.528 * 0.9861
+
0.404 * 1.0153
+
0.892 * 0.9388
+
0.115 * 1.0053
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0374
+
4.679 * -0.04991
-
0.327 * 1.0333
=
-2.90
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(9888.612 / (9888.612 + 274.04))
/
(9111.797 / (9111.797 + 302.531))
=
0.973035
/
0.967865
=
1.0053
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(8595.179 - 4533.462
-
15488.666)
/
228950.039
=
-0.04991
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
American Homes 4 Rent has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
American Homes 4 Rent (MEX:AMH) has a Beneish M-Score of -2.82 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on American Homes 4 Rent and its competitors. According to the industry distribution chart, American Homes 4 Rent ranks #136 out of 740 companies in the REITs industry, placing it in the top 18.4%.
Is American Homes 4 Rent's Beneish M-Score too high?
American Homes 4 Rent's current Beneish M-Score is -2.82. Based on the distribution chart, American Homes 4 Rent ranks #136 out of 740 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, American Homes 4 Rent has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does American Homes 4 Rent's Beneish M-Score compare to CPT and ELS?
According to the REITs industry distribution chart, American Homes 4 Rent ranks #136 out of 740 companies for Beneish M-Score. This places American Homes 4 Rent in the top 18% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a REITs company?
A good Beneish M-Score depends on the REITs industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on American Homes 4 Rent and its competitors. American Homes 4 Rent's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Homes 4 Rent stock overvalued right now?
American Homes 4 Rent (MEX:AMH) has a current Beneish M-Score of -2.82. The stock's GF Value™ is MXN810.29, compared to a current price of MXN698.98 — trading 13.7% below its estimated fair value. The current Beneish M-Score is -2.82. American Homes 4 Rent's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For American Homes 4 Rent (MEX:AMH), the current Beneish M-Score is -2.82 as of Aug. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Homes 4 Rent (MEX:AMH) Overvalued in 2026?
Based on GuruFocus' analysis, American Homes 4 Rent stock appears to be undervalued.
The current stock price of MXN698.98 is trading 13.7% below its estimated GF Value™ of MXN810.29.
Key valuation signals for MEX:AMH:
Beneish M-Score: -2.82
GF Value™: MXN810.29 vs. price of MXN698.98 (13.7% below fair value)
No single metric tells the full story. See the MEX:AMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Homes 4 Rent is a real estate investment trust focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.
86GF Score
Get the complete analysis for MEX:AMH
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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